Media headlines about II-VI (NASDAQ:IIVI) have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. II-VI earned a coverage optimism score of -1.17 on their scale. InfoTrie also assigned headlines about the scientific and technical instruments company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected II-VI’s score:
- II-VI To Acquire Finisar For $3.2 Billion. (compoundsemiconductor.net)
- UPDATE 3-Optical parts maker II-VI eyes 5G, driverless cars with Finisar buy (feeds.reuters.com)
- Why Shares of II-VI Tumbled Today (fool.com)
- Finisar Corp. (FNSR) Is Up Sharply After Bought By II-VI (nasdaq.com)
- II-VI to buy Apple supplier Finisar in cash and stock deal valued at $3.2 billion (marketwatch.com)
NASDAQ IIVI opened at $38.01 on Friday. The stock has a market capitalization of $2.90 billion, a PE ratio of 22.10, a PEG ratio of 1.49 and a beta of 0.66. II-VI has a 1-year low of $34.88 and a 1-year high of $53.08. The company has a current ratio of 3.63, a quick ratio of 2.45 and a debt-to-equity ratio of 0.50.
II-VI (NASDAQ:IIVI) last released its quarterly earnings data on Thursday, November 1st. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. The business had revenue of $314.40 million for the quarter, compared to analyst estimates of $310.92 million. II-VI had a return on equity of 10.89% and a net margin of 7.68%. The company’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. Sell-side analysts expect that II-VI will post 1.8 EPS for the current fiscal year.
A number of brokerages have issued reports on IIVI. B. Riley lowered II-VI from a “buy” rating to a “neutral” rating and set a $54.00 price target on the stock. in a research note on Tuesday, September 4th. Deutsche Bank began coverage on II-VI in a research note on Monday, August 27th. They issued a “buy” rating and a $58.00 price target on the stock. BidaskClub raised II-VI from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. Morgan Stanley set a $48.00 price target on II-VI and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, Cowen reissued a “buy” rating and issued a $64.00 price target on shares of II-VI in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $53.69.
In other news, VP David G. Wagner sold 33,076 shares of II-VI stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $48.01, for a total value of $1,587,978.76. Following the transaction, the vice president now directly owns 71,578 shares of the company’s stock, valued at approximately $3,436,459.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francis J. Kramer sold 910 shares of II-VI stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $50.00, for a total value of $45,500.00. Following the completion of the transaction, the director now directly owns 225,790 shares in the company, valued at $11,289,500. The disclosure for this sale can be found here. Insiders sold a total of 43,504 shares of company stock worth $2,083,715 over the last ninety days. Corporate insiders own 4.00% of the company’s stock.
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II-VI Company Profile
II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company operates in three segments: II-VI Laser Solutions, II-VI Photonics, and II-VI Performance Products. The II-VI Laser Solutions segment offers optical and electro-optical components and materials primarily used in high-power CO2 lasers; fiber-delivered beam delivery systems, and processing tools and direct diode lasers for industrial lasers; direct diode laser modules, sub-systems, and systems; super-hard materials processing laser systems; and compound semiconductor epitaxial and gallium arsenide wafers.
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